721 E College Avenue, Princeton, TX 75407
MULTI_FAMILY - Princeton, TX
- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 9:06 pm
Property Features for 721 E College Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Interior features
- OpenFloorplan
- Appliances
- Dishwasher, ElectricCooktop, ElectricOven
- Standard status
- Active
- APN
- 2714218
- Lot size
- 0.20 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Laminate
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Jordan Cortez License #0494942 (214) 556-1951
Listing office Vanguard Real Estsate Advisors Dallas, TX (214) 556-1951
Listing date Apr 29, 2026
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two adjacent duplex‑style properties: 1100 Parkview Avenue and 721 E College St
- Each property is listed at approximately 1,637 SF and built in 2014
- 4‑bed, 2‑bath functional layout on each property
- Public utilities: public water and public sewer
- Brick construction with shingle roof and central heating/central air
- Garage parking and open floorplan; appliances include dishwasher, electric cooktop, and electric oven
Overview
Both properties are positioned on the same block in Princeton, Texas, providing a clean, scalable two-address acquisition for investors seeking to manage multiple units with side-by-side control. The seller notes additional duplexes are available for sale in the same subdivision in conjunction with this offering, which may allow for an expanded footprint depending on your investment goals.
These homes are well suited for investors looking for stable rental demand, as well as owner-users interested in a house-hack style approach. The duplex configuration can also appeal to buyers who prefer the flexibility of spreading risk across more than one residential income asset while keeping ownership logistics relatively streamlined.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.8k | $27.96 |
| − Vacancy | −$4.7k | −$2.84 |
| EGI | $41.1k | $25.12 |
| − OpEx | −$12.3k | −$7.54 |
| NOI | $28.8k | $17.58 |
Alternative Uses
Current Use by Public Records
Map
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.492524
- Latitude
- 33.182603
